Informing people of social norms is likely to get:
A. more people to act that way, which is always positive.
B. more people to act that way, which can be a problem if policymakers are trying to change typical behavior.
C. more people to act that way, which is always negative.
D. less people to act that way, because people like to be unique.
B. more people to act that way, which can be a problem if policymakers are trying to change typical behavior.
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Economies of scale exist when the ________ a unit of a good ________
A) average cost of producing; falls as its output rate increases B) price; falls as its input rate decreases C) price; rises as its output rate increases D) average cost of producing; rises as its input rate increases
Is there a difference between the "true burden" of a tax and who is legally required to pay a tax? Briefly explain
What will be an ideal response?
If a country's working-age population increases and its wealth increases, then the labor supply curve
A) shifts to the left if the effect of the change in wealth is bigger than the effect of the change in the working-age population. B) shifts to the right if the effect of the change in wealth is bigger than the effect of the change in the working-age population. C) shifts to the left. D) shifts to the right.
The consumption function shows the relationship between consumption and saving
Indicate whether the statement is true or false